> We’re likely looking at a new world where physical and mental work from humans holds much less value.

Or, perhaps, we're regressing to the mean after a century where this work was over-valued, because companies like Disney succeeded in regulatory capture and created artificial protections to maximize their own revenue.

How much money did Bach earn from royalties (ok, there's a pun there, but I mean payment for reproduction of his work)? How much power did Melville have over who published Moby Dick, and where, and how it was used (hint: very little in the US, none at all overseas).

We are seeing a weakening of control and revenue extraction from copyrighted works. But on the chart of history, the 1900's were a very anamolous spike in that area. And it saddens me that so much of HN is unhappy about more of a return to the commons.

> So if the world still generates value ( think AI inventing new drugs, robots planting and harvesting fields of corn ), who is able to make income? The people who have the capital to purchase and run the systems.

On the bright side, I think you're wrong here. Or (as Claude likes to tell me), you're half-wrong. If this were true, it would already be the norm and only big companies could bring new products to market. Yet startups are a thing, and many succeed (more fail, but still.

The trick in entrepreneurship and creative work has always been knowing what to ask the system to do. You might as well say that music is dead because the synthesizer and music software companies can produce as much as they want at zero cost. It turns out that owning the means of production only loosely correlates to producing things people want.

> So, we can have a world where you are born rich or you live in abject poverty, or we can figure out something else.

Already done. There are kids in Africa studying with AI tutors today, getting insight that they would likely never have had access to before. One-person shops are releasing board games and business services that they would never have had the capital to do before.

Where you see centralization of capital and control, and the masses reduced to abject poverty... I see the complete collapse of barriers to entry and switching costs in many fields.

But who am I? Some random guy. But I've heard very senior execs, at Microsoft and other companies, in absolute panic that the IP and systems they've spent billions of dollars to build over decades of work are suddenly subject to disruption by teenagers who are great at using AI. Seriously, panic.

It's a complex subject, and sorry for writing a book, but your prompt apparently got me. None of us know for sure what will happen but I think yours is a needlessly pessimistic view, ironically informed by the exact abuses of th past century that you're worried might not continue.